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More of the Same in EUR/PLN

The five-and-half years range in the EUR/PLN is still in play. Since the start of 2011 this pair has moved without a clear direction. We opened 2012 at 4.4464 and we're currently quoted at 4.3057. This is around 2.6 percent, a very negligible amount for several years of trading.
Dropping down to the 4 Hour chart shows a similar situation. First we fell to a low of 4.15 only to get back all losses in the next few weeks and months. We're now trading at similar prices as back in March, around 4.30.…
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EUR/PLN Remains in Multi-Year Range

The near six years long range in the EUR/PLN is still in force. Since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.2453. This is around 4 percent, a very small amount for several years of trading.
The vast majority of the past 6 years the pair has spent between 3.06 and 4.5800. Like we said above, it's currently trading at 4.2453, in the middle of the range still.
On our final chart above we are seeing that the…
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EUR/PLN Still in that Multi-Year Range

The 5.5 years long range in the EUR/PLN is still in play. Since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.2518. This is around 4.3 percent, a negligible amount for several years of trading in forex.
On the weekly chart above we see the multiple years range the pair has been stuck in. The high of this range is at 4.60 while the low is at 3.95. But these are only the price extremes. The majority of the time th…
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Multiple Years Range Remains Unbroken

The 5 years long range in the EUR/PLN is still in play. Since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.1782. This is around 6 percent, a negligible price difference for several years of trading in the forex market. Most currency pairs moved that much in a two-three months.
If that doesn't convince you of the mean reverting nature of this pair then take a look at the blue line in the chart above. This is the…
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More of the Same in EUR/PLN

The EUR/PLN opened April at 4.2164. From here the currency pair rallied to a high of 4.2834, only to fall to a low of 4.2112 few days later. We are currently quoted at 4.2225, only 93 pips away from open price, or
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fxsurprise8 1 Май

There's some bug in the text that cut short my forecast, twice. This is the second time I'm resubmitting it and it failed again. So I will present the rest of it in a series of comments. Hopefully the admin will have understanding since its only 12 mins after the deadline and the bug is with Dukascopy.

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fxsurprise8 1 Май

Forecast: The EUR/PLN opened April at 4.2164. From here the currency pair rallied to a high of 4.2834, only to fall to a low of 4.2112 few days later (pic left).

We are currently quoted at 4.2225, only 61 pips away from the month's opening price, or <0.20% in percentage This shows how range-bound the EUR/PLN was during April.

The same can be said for the longer-term charts. Here too we're seeing a similar picture of lots of zig-zag price movements that don't go anywhere. Because both time-frames say the same thing (more range), I'm betting on prices staying near the current quote of 4.2252.

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Five-years-long Range Still in Play

The 5 years long range in the EUR/PLN is still in play. Since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.2303. That's just above 4.7 percent, negligible for several years of trading.
In addition to this the chart clearly shows that the price remains inside the bounds of this range, with a high at 4.5961 and a low at 3.9661.
On the lower time-frame chart below we can see that the situation looks somewhat simil…
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fxsurprise8 30 Апр.

The EUR/PLN opened April at 4.2164. From here the currency pair rallied to a high of 4.2834, only to fall to a low of 4.2112 few days later.

We are currently quoted at 4.2225, only 93 pips away from my forecasted price, or <0.20% in percentage terms. With a bit of luck, I could get a good prize in this month's contest!

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Years Long Congestion Persists in EUR/PLN

The +5 years long congestion in the EUR/PLN continues. Since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.3024. That's just above 3 percent, negligible for several years of trading.
On the lower time-frame chart below we can see that the situation looks very similar. There's lack of clear direction with prices swinging back and forth.
This just underscores how range-bound this pair has become. Becaue of this I'…
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fxsurprise8 27 Март

UPDATE 1: The mostly range-bound market continues in the EUR/PLN. We opened March at 4.3024, the high this month was at 4.3527 while the low is at 4.2386.

The good news is that we're now nearing some important support at around 4.2200, last year's low for this trading pair. A bounce here is likely.

We are now only 1.4% away from my forecasted price, a distance that can be overcome within several trading sessions.

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Nothing New for the Polish Zloty

Some things never change and this seems to be the case for the EUR/PLN currency pair. First let's again take a look at the monthly chart. I've shared this chart in previous TAs to show just how range-bound this pair has been in the past few years. Since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.4024. That's just above 1 percent, negligible for several years of trading.
On the second picture we see that trend…
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More of the Same for EUR/PLN

The EUR/PLN continues to trade inside a large range. As you can see on the monthly chart below, since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.4515, almost no change in prices for several years of trading.
The picture doesn't improve if we go down time-frames either. Since December of last year we've been trading in a tight range that fits inside the larger congestion area noted above. On our second chart b…
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fxsurprise8 28 Дек.

So far one part of my forecast above is coming true, while the other is giving me mixed results. According to the second chart above, we said that on the daily chart every rally has been retraced.

This is what has happened in December, with the EUR/PLN dropping from the 4.5057 high to a low of 4.3824 yesterday.

We are currently quoted at 4.4035, around 1.1 percent below my targeted price. The first part of my forecast remains unfulfilled, so far. I will need more mean reversion, this time to the upside to bring me close to my 4.4547 forecast.

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EUR/PLN Settles in a Congestion Area

Since the EUR/PLN continues to trade inside a five-year range. As you can see on the monthly chart below, since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.3059, only 3.15% away, a negligible amount for years of trading.
The picture doesn't improve if we go down time-frames either. Since August of this year we've been trading in a tight range inside the larger congestion area noted above. First we rallied to a…
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